Mathematics, 01.10.2019 12:10, deneshau

Nellie has a bankruptcy on her credit report and therefore pays higher interest rates on her current loans. she calculates that the extra money she pays in additional interest each year, if invested at the rate of 3% for 5 years, could earn her simple interest totaling $114. approximately how much does nellie pay in additional interest each year?
a. $171
b. $190
c. $342
d. $760

Answers: 2

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Nellie has a bankruptcy on her credit report and therefore pays higher interest rates on her current...